Nearly 70% of Americans report that life insurance gives them peace of mind.
No matter where you are in life right now, life insurance is a crucial part of financial planning for your family’s future. Insurance needs often change with factors like age, health, responsibilities, and marital status, but that doesn’t mean you should put off getting insured until you’re ready for a more permanent plan.
50 Million Americans Are Not Adequately Insured
While you aren’t limited to the types of life insurance you can buy, we are proud to offer our clients two specialized types:
- Simple issue term life insurance
- Single premium life insurance
Those that choose a simple issue term policy enjoy an easy application process with no required medical exams. This type of life insurance is good for a specific period, or term, giving you more flexibility while keeping costs low.
A single premium policy requires a one-time premium payment – and that’s it. This single payment gives you a set amount of coverage without the monthly hassle. Here’s an example:
A female age 65 rated standard non-smoker and having $200,000.00 sitting idle in a CD could purchase a Single Premium Whole Life Insurance policy with a face value of $410,433.00. This money transfers to her beneficiaries’ tax free, something that her CD does not do!
Annuities Can Be a Valuable Asset to Your Retirement Planning
Planning for retirement requires a lot of foresight, and the agents at Kohlhase Insurance have the experience and know-how to assist you in this crucial preparation. Annuities serve as payments made to you upon retirement, which gives you a lifetime income that supplements Social Security and 401(k) payouts. In essence, annuities allow you to convert some of your existing assets into guaranteed future income payments, so you don’t have to worry about outliving your retirement money.
Learn how having a solid life insurance policy, annuities, and other coverage options in place can help protect your future. Call us at 888-400-1807 to speak with one of our friendly agents.